Cost of food in Ecuador increased 3.40 percent in May of 2020 over the same month in the previous year.
Food Inflation in Ecuador averaged 4.18 percent from 2005 until 2020, reaching an all time high of 20.55 percent in August of 2008 and a record low of -3.60 percent in June of 2018. This page provides - Ecuador Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Food Inflation - values, historical data and charts - was last updated on July of 2020. source: INEC, Ecuador
Food Inflation in Ecuador is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Ecuador to stand at 0.60 in 12 months time. In the long-term, the Ecuador Food Inflation is projected to trend around 0.80 percent in 2021 and 0.90 percent in 2022, according to our econometric models.